Domino’s Pizza (DMP)

Brokers have raised their target prices for
Domino’s Pizza
after the fast-food chain notched up its fastest growth in local sales in eight years and lifted its full-year profit growth guidance to around 15 per cent.

Domino’s posted a 16.9 per cent rise in interim net profit to $10.2 million as its total store network sales rose 3.1 per cent to $364.5 million.

UBS raised its 12-month target price to $6.70 from $6.50 but maintained a “neutral" rating. Royal Bank of Scotland lifted its target price to $6.38 from $5.54 and kept a “hold" recommendation. JPMorgan stayed “neutral" and lifted its price target to $6.27 from $5.30.

Credit Suisse was among the most ambitious. It has a target price of $7.22 and an “outperform" rating.